<\/p>\n
Blockchain analytical firm Arkham Intelligence identified Grayscale\u2019s Bitcoin Trust as the second-largest Bitcoin (BTC<\/a>) holder in a Sept. 6 post<\/a> on X, formerly Twitter.<\/p>\n The company said that the trust is the \u201csecond largest BTC entity globally\u201d and that the fund contains over $16 billion of the flagship digital asset. This is in tandem<\/a> with Grayscale\u2019s website, which shows that the total assets under its BTC trust are $16.009 billion.<\/p>\n Arkham revealed that the funds are distributed among more than 1,750 addresses, each holding 1,000 BTC or less. The wallets were identified despite Grayscale\u2019s decision to keep the trust\u2019s on-chain addresses confidential.<\/p>\n Last year, Grayscale faced heavy speculations<\/a> about its Bitcoin balance after the collapse of FTX. At the time, the crypto investment funds cited \u201csecurity concerns\u201d as why it decided not to publish on-chain addresses associated with it. Nonetheless, its custodial partner, Coinbase, later released a\u00a0report<\/a>\u00a0detailing the assets it held on behalf of the investment firm.<\/p>\n Arkham\u2019s disclosure positions it as the pioneering firm in identifying the specific addresses associated with the GBTC fund.<\/p>\n Arkham previously identified Grayscale\u2019s \u00a0Ethereum Trust as the second-largest Ethereum<\/a> (ETH) holder, with addresses associated with the fund holding around $5 billion worth of ETH. The firm had also identified Robinhood as the holder of the third-largest Bitcoin wallet<\/a>\u00a0and the\u00a0fifth-largest Ethereum wallet<\/a>.<\/p>\n GBTC\u2019s discount has remained under 20% despite the bearish sentiments that have kept BTC under $26,000 for most of the current month, according to Ycharts data<\/a>.<\/p>\n The discount had rapidly dropped<\/a> to its lowest level within the last two years after Grayscale secured a victory over the U.S. Securities and Exchange Commission (SEC) in August. The court had ruled that the financial regulator acted \u201carbitrarily and capriciously\u201d in rejecting its attempt to convert its trust into an exchange-traded fund.<\/p>\n The post Grayscale revealed as second-largest Bitcoin holder despite confidentiality efforts: Arkham Intelligence<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Blockchain analytical firm Arkham Intelligence identified Grayscale\u2019s Bitcoin Trust as the second-largest Bitcoin (BTC) holder in a Sept. 6 post on X, formerly Twitter. The company said that the trust is the \u201csecond largest BTC entity globally\u201d and that the fund contains over $16 billion of the flagship digital asset. This is in tandem with […]<\/p>\n","protected":false},"author":2,"featured_media":151061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-151060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151060"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151060\/revisions"}],"predecessor-version":[{"id":151062,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151060\/revisions\/151062"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/151061"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}GBTC discount under 20%<\/h2>\n